National Inventors Hall of Fame Inc.

“Invent now, inc. Receives a copy of form 990 to review before the form is filed. Form 990 is first reviewed by the cfo and the finance committee for completeness and accuracy. Form 990 is then made available to the board members for review and comments.”

“The policy is annually reviewed and signed off by the board of directors to ensure it is relevant, up to date, and in compliance with applicable law. If a conflict would come up during the year, the board member must disclose the conflict and refrain from voting.”

“Compensation of the organization's officers and key employees is reviewed and approved by the ceo. Compensation of the organization's ceo is reviewed and approved by the board of directors or the executive committee of invent now, inc. The review process is completed to ensure that compensation recommendations and decisions made are well justified, reasonable and documented. The compensation is determined by using comparable compensation for similary qualified individuals in comparable positions. The compensation decisions are documented and maintained to reflect the deliberations and decisions regarding the compensation arrangement. The individual is not present when the board of directors votes on his or her compensation.”

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

“Camp/club regional coordinators: program service expenses 1,391,792. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,391,792. Camp/club directors: program service expenses 1,342,038. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,342,038. Camp/club instructors: program service expenses 2,113,907. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,113,907. Camp/club counselors: program service expenses 23,119. Management and general expenses 0. Fundraising expenses 0. Total expenses 23,119. Camp/club leadership interns: program service expenses 742,271. Management and general expenses 0. Fundraising expenses 0. Total expenses 742,271. Consulting fees: program service expenses 357,905. Management and general expenses 176,123. Fundraising expenses 0. Total expenses 534,028. Marketing: program service expenses 0. Management and general expenses 291,221. Fundraising expenses 0. Total expenses 291,221.”

“Impairment loss -302,025.”

“The organization's finance committee along with the cfo assumes responsibility for oversight of the audit and selection of the independent accountant. This process had remained the same since prior year.”